v 10.0 v 11.0 v 12.0 Third Party 19
Required Apps Purchase (purchase)
Inventory (stock)
Invoicing (account)
Manufacturing (mrp)
Included Dependencies
Technical Name mrp_product_costing
LicenseSee License tab
Websitehttp://linkedin.com/in/openvalue-consulting-472448176
Also available in version v 13.0 v 11.0 v 10.0
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Required Apps Purchase (purchase)
Inventory (stock)
Invoicing (account)
Manufacturing (mrp)
Included Dependencies
Technical Name mrp_product_costing
LicenseSee License tab
Websitehttp://linkedin.com/in/openvalue-consulting-472448176
Also available in version v 13.0 v 11.0 v 10.0

PRODUCT COSTING

 

Main features:

§  costing figures calculated in real time in manufacturing order

§  accounting postings for WIP evaluation at each workorder confirmation (hence, WIP account evaluated in real time)

§  actual direct costs posted in real time at workorder confirmation

§  statistical evaluation of workorder direct fixed costs at standard times

§  variance analysis of

     discrepancy between standard cost and planned cost (product evaluated as per the chosen bom/routing)

     component consumption and by product quantities

     labour/machine run times

§  Closure of manufacturing order for

     accounting posting of material variance costs and

     accounting posting of labour/machine run variance costs and

     accounting posting of by product accounting variance amount and

     overhead costs analytic postings

 

Prerequisites:

§  stock evaluation as perpetual inventory for production materials (both components and semifineshed products)

§  WIP Account Set up at virtual production location level

 

 

Product Costing Parameters


The following parameters have to be set up in the product costing parameters view:

       Labour Cost Account for direct cost accounting posting moved at every workorder confirmation as  counterpart of the WIP account

       Machine Run Cost Account for direct cost accounting posting moved at every workorder confirmation as  counterpart of the WIP account; the selection between this and the previous Labour cost account is based on a parameter in work center master data

§  Planned Variance Cost Account for account posting of variances between semifinished standard cost and semifinished planned cost calculated in manufacturing order

§  Material Variance Cost Account for accounting posting of variances between actual overall material consumption and the planned consumption calculated in manufacturing order based on the selected bom

§  Labour/Machine Variance Account for accounting posting of variances between actual labour/machine cost calculated at workcenter rates and the planned labour/machine costs calculated in manufacturing order based on the selected routing

§  its analytic account for posting an analytic line

§  accounting journal for manufacturing accounting postings

 

 

Workcenter master data


the following costing master data can be entered at workcenter level:

§  Direct Costs:

     hourly rate for variable direct costs (for direct cost evaluation and related accounting postings)

     hourly rate fixed direct cost (for analytic posting of fixed direct cost evaluated at standard times in workorder, that’s time before production and time after production)

     analytic account for analytic postings at workorder confirmation (direct costs) manufacturing order closure (overheads costs)

§  Overheads Costs:

    percentage for overheads fixed costs calculated from actual workorder variable direct costs

    percentage for overheads variable costs calculated from actual workorder variable direct costs

 

 

Bill of Materials master data


the following costing master data has be entered at BoM level:

§  Overheads Costs:

    percentage for overheads product costs calculated from actual product confirmation

    percentage for overheads consumption costs calculated from actual material consumption

    analytic account for analytic posting at manufacturing order closure

       Variances Analysis:

    Planned Variance Analytic Cost Account for analytic posting of variances between semifinished standard cost and semifinished planned cost calculated in manufacturing order

    Direct Variance Account for analytic posting of variances for all direct costs (planned vs actual), i.e. component consumption, by product confirmation, workcenter direct costs.

 

 

Cost figures in Manufacturing Order


the following costing figures are calculated in real time and available in the single manufacturing order:

 

§  Standard Cost vs Actual Unit Costs

 

Standard cost and planned unit cost

    Planned Material Cost - based on BOM explosion selected in manufacturing order

    Planned Other Direct Cost - based on activities detailed in Routing selected in manufacturing order

    Planned Cost - based on the quantitative structure (BOM and Routing) in manufacturing order, that’s it is the sum of its two components detailed before

    Standard Cost - reported from product master data

 

Actual Unit Costs

    Actual Material Unit Cost calculated dividing the overall Actual Material Cost by the actual produced quantity

    Actual Other Direct Unit Costnit calculated dividing the overall Actual Labour/Machine Cost by the actual produced quantity

    Actual Full Direct Unit Cost as sum of previous ones

    Actual Full Industrial Unit Cost including overheads costs also

Delta Unit Costs

    Delta Material Unit Cost calculated as difference between actual and planned ones

    Delta Material Unit Cost calculated as difference between actual and planned ones

    Delta Material Unit Cost calculated as difference between actual and planned ones

 

§  Actual Costs

    Actual Material Unit Cost calculated at raw materials consumption taking into account the effective quantity consumption; account posting is performed at each production declaration for direct cost and wip account evaluation; an analytic posting is also performed for comparing it with budged cost evaluated for this activity

    Actual Other Direct Unit Cost calculated at production declaration (workorder confirmation) taking into account the effective time performed; account posting is performed at each production declaration for direct cost and wip account evaluation; an analytic posting is also performed for comparing it with budged cost evaluated for this activity

    Actual Full Direct Cost as sum of previous ones

    Actual Fixed Cost (at standard time) evaluated at manufacturing order closure for information purposes only; an analytic account is performed for comparing it with budged cost evaluated for this activity

    By Product Amount: actual produced quantity of by products receipts

     Actual Full industrial Cost

     Produced Quantity

 

§  Overheads Costs

    variable overheads other direct costs calculated from actual workorder direct cost; an analytic posting is also performed for comparing it with budged cost evaluated for this activity when performing manufacturing order closure

    fixed overheads other direct costs calculated from actual workorder direct cost; an analytic posting is also performed for comparing it with budged cost evaluated for this activity when performing manufacturing order closure

    overheads components costs calculated from actual raw material consumption direct cost; an analytic posting is also performed for comparing it with budged cost evaluated for this activity when performing manufacturing order closure

    overheads finished product costs calculated from actual product confirmation cost; an analytic posting is also performed for comparing it with budged cost evaluated for this activity when performing manufacturing order closure

 

 

Accounting and Analytic postings details

 

at production declaration (workorder confirmation):

 

·       all accounting figures are based on actual times

·       accounting and analytic postings at workorder confirmation (direct labour/machine variable costs):

o    accounting posting with WIP account evaluated in real time at workorder competition

o    analytic posting for collecting overall direct costs to be compared with budget amount at the end of the period for rates calculation

·       accounting date determined as the end date of each workorder confirmation

·       cost figures updated in manufacturing order

 

 

at manufacturing Order Closure:

 

·       manufacturing order cost figures updating (after posting goods movements also)

·       accounting date determined as the end date of the last workorder confirmation

·       the WIP account balance is zero because of (therefore, after performing manufacturing closure, the balance of the WIP account is equal to zero)

§  planned variance: difference between the semifinished product standard price and its planned price calculated in MO for the actual produced quantity

§  labour/machine variance: difference between standard times at routing level and actual times at workorder declaration evaluated at standard rate in workcenter

§  material and by product variance: difference between standard material consumption at bom level and actual material consumption evaluated at standard price in product master data

·       analytic entries:

·       variable other direct overhead cost posting

·       fixed other direct overhead cost posting

·       product overhead cost posting

·       components overhead cost posting

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Demo
by
Luis Tasintuña
on 11/10/19, 9:42 PM

We need a demo, It is possible? My mail is lta@ominec.com I hope your answer.


Version for odoo.sh?
by
James Nelson
on 7/1/19, 4:38 PM Confirmed Purchase

Do you have a version for odoo.sh platform?


I need a Demo please
by
Cesar Bravo
on 6/25/19, 6:18 PM

Hi, I need a demo for Product Costing please (https://apps.odoo.com/apps/modules/12.0/mrp_product_costing/) My email is cbg@indboo.com


Product Costing App Demo
by
omer.shelebi@gmail.com
on 1/10/19, 9:57 AM

Dear, I need a demo for Product Costing (https://apps.odoo.com/apps/modules/12.0/mrp_product_costing/), and its dependent App I m going to deploy Odoo 12 at my client site, so kinldy let me know when you can make the demo. In addition, is this app contain costing printout for MO/BOM Looking forward to hearing from you.


Hello
by
Harry
on 12/24/18, 5:06 AM

Please send me a trial version for odoo 11. My email: linhnguyen@homefarm.vn. Thank you so much.


Inquiry
by
Mohamed Helal
on 11/18/18, 6:05 AM Confirmed Purchase

I want the same for Odoo v10 Enterprise version, will that work ?